Peter Boockvar: The continued rally in stocks resulted in the highest spread between Bulls and Bears since last August according to II, right before that market selloff. Bulls rose to 47.4% from 41.2% last week and vs 45.4% in the week prior. Instead of coming from the Correction side, those Bulls came from the Bear side where they dropped by 6.1 points to just 21.7%, the lowest since August. I’ve said for weeks that the shift to the bull side made this index no longer a tailwind from a contrarian standpoint but was definitely not a headwind yet. With today’s reading getting stretched again with bulls now 25.7 points above bears, it now becomes so…"
at http://kingworldnews.com/alert-this-will-be-the-biggest-shock-for-the-world-in-2016/
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